The rules for filing alimony income on your tax return changed with the 2019 fiscal year. Alimony income or payments are no longer tax-deductible, and the receipt of alimony is not...
Posted by KLSM CPA Firm PLLC on 07/09/2022
Social welfare refers to a range of programs that aid citizens either financially, educationally, or otherwise. These programs or activities are mainly targeted at groups of people...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/17/2022
What is Welfare?Welfare refers to various government programs that provide financial or other assistance to individuals or groups who cannot support themselves. Welfare assistance...
Posted by Dennis Jao on 03/26/2021
We all knew someone who takes care of other people. They are usually our relatives whose husband or a wife chooses to stop working to take care of their sick spouse or our friend who...
Posted by James Financial Services Inc on 04/03/2020
The United States provides assistance to needy individuals and families through their social welfare system. The state governments spent about $390 billion the welfare of their residents...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 07/26/2019
Every year around mid-January to the beginning of February, there is a class of people that have been looking forward to this time of the year. For the sake of this article...
Posted by KRC Tax and Business Services on 03/17/2016
The United States often uses tax deductions, credits, or other tax benefits to encourage certain social policies that it deems desirable. For example, they may want married people...
Posted by Arlen Simon on 01/26/2016
The IRS often creates deductions and credits that will encourage certain social policies. The Work Opportunity Tax Credit is a good example of this phenomenon. This credit is specifically...
Posted by Donna J Ward, CPA on 01/13/2016
